Tagged: peer-to-peer lending

Cambodia Unveils Comprehensive Policy on Crowdfunding, P2P Lending

Cambodia has recently taken a significant step forward in the financial technology sector with the unveiling of the Fintech Policy directive for 2023-2028. This strategic move is poised to attract Foreign Direct Investment (FDI), propelling the nation into the forefront of the rapidly evolving fintech… Read More

P2P Lender Folk2Folk Reports Four Years of Profitability

Peer-to-peer lender Folk2Folk is reporting its fourth year of profitability. According to the UK-based secured lender, pre-tax profit came in at £1.373 million for its 2022 financial year, marking four consecutive years of profitability. In addition, the company is issuing dividend payments to shareholders for… Read More

Linked Finance Leverages Open Banking to Enhance Application Process

Linked Finance, a peer-to-peer lending platform serving Irish SMEs, says it has incorporated open banking technology to speed up the lending process. Open banking can enhance financial services by seamlessly accessing data and information across different platforms. By integrating with other financial services providers, products… Read More

P2P Lender Linked Finance Adds New Commercial Director

Peer to peer lender Linked Finance has appointed Richard Glavin as Commercial Director. Glavin is expected to support the growth of the lending portfolio which has grown to deliver over €166 million in loans to over 2,900 ambitious local businesses in Ireland. Glavin was previously… Read More

Indonesian Peer-to-Peer Lender Alami Reportedly in Talks to Finalize More Than $10 Million Through Series A Funding Round Led By AC Ventures

ALAMI, an Indonesia-based peer-to-peer lender, has reportedly finalized more than $10 million through its Series A funding round. According to DealStreetAsia, the investment round was led by AC Ventures. Founded in 2017, ALAMI describes itself as a peer-to-peer finance platform that connects funders to SMEs. “We… Read More

RateSetter to Reportedly No Longer Process New Transfer-in ISAs Requests From Other Providers; No New IFISA Accounts Will be Opened for Existing Customers

  RateSetter, a leading UK based peer to peer lender, is reportedly telling investors that starting at the end of January 2021, it will no longer process any new transfer-in ISAs requests from other providers. According to P2PFinance News, the online lender stated it will… Read More

Digital Bank Zopa Now Offers Term Savings Accounts with Interest Rates Over 1%

Zopa, a digital bank and online lender, has published the interest rates affiliated with its savings accounts. According to a note from the Fintech, savers may generate interest from 1.05% to 1.3% – depending on the term. Zopa’s Fixed Term Savings accounts are available today… Read More

Assetz Capital and Aros Kapital Partner on CBILS

Peer to peer lender Assetz Capital has announced a partnership with Aros Kapital to assist with lending under the Coronavirus Business Interruption Loan Scheme (CBILS). Assetz Capital was approved for accreditation as a CBILS lender in May. Gustav Rocklinger, CEO at Aros Kapital Limited, stated:… Read More

UK SME Lender Funding Circle Is Reevaluating whether to Leverage Open Banking to Improve Customer Experience

Funding Circle lobby

Funding Circle (LSE: FCH), an SME lender that facilitates loans in both the US and parts of Europe, says it’s reevaluating whether it should begin leveraging Open Banking technology. The company claims that it has managed to improve its customer experience, and would now like… Read More

Administrators of Bankrupt P2P Lender Lendy Report £6.8 Million Paid to Marshall Island Entities, Claim Beneficiaries are Liam Brooke and Tim Gordon, Assets Frozen

This week, the administrators unraveling the collapse of peer to peer lender Lendy, which failed in 2019, announced an unsettling bit of information regarding suspect payments to two former Lendy Directors: Liam Brooke and Tim Gordon. According to a document posted on the Lendy website,… Read More

New Report Points Finger at Two Politically Influential Individuals in Latvia Related to Collapse of P2P Lender Envestio

The saga of the collapse of peer to peer lender Envestio keeps getting more interesting as a report published today points a finger at two politically connected individuals who may have been recipients of lost funds. Earlier this week, CI reported on an article in… Read More

Assetz Capital Tops £500,000 on Seedrs, Looks for Matching Money Under Future Fund

Assetz Capital, a secured peer to peer lender operating in the UK, recently launched a securities offer on Seedrs. Assetz Capital claims to be the second-largest peer to peer business lender in the UK. In about a week, Assetz Capital raised its £500,000 minimum target… Read More

Slam. Report States that Swedbank and SEB Enabled Fraud Networks Including Failed P2P Lender Envestio

A new report claims that established banks Swedbank and SEB enabled “suspected fraud networks” to operate in the Baltics and mentions bankrupt peer to peer lending platform Envestio by name. Envestio, and similar platform Kuetzal, recently filed for bankruptcy in Estonia. Earlier this year, both… Read More

P2P Fintech Lending Sector in Indonesia May Struggle Due to Risky Loans, as Lenders Rejected Over 50% of Restructuring Requests

The Fintech sector in Indonesia is reportedly struggling due to potentially risky loans as lenders on local peer to peer (P2P) lending marketplaces rejected over half of loan restructuring requests from debtors. This, according to a recent survey which revealed that Indonesia’s residents and businesses… Read More

Singapore Crypto Exchange TomoChain Set to Launch P2P Lending Feature Through TomoDex Platform

TomoChain, a Singapore-based cryptocurrency exchange platform, is reportedly set to launch a new peer-to-peer lending feature this weekend through its newly launched TomoDEX platform. Founded in 2017, TomoChain claims to be the “most effective” platform for the token economy. The platform reported that its mission… Read More

Publicly Listed Indian Fintech Lender 5paisa Announces Pay Hike for Employees to help them Cope with COVID-19 Challenges

India’s only publicly-listed Fintech company, 5paisa, revealed on June 3, 2020 that it would be giving its workers a 15% raise on their salaries and will also be offering advance bonus payouts in order to improve or boost employee morale. 5paisa’s generous move has come… Read More

RateSetter’s CEO Rhydian Lewis Says COVID-19 Is the P2P Lending Sector’s First “Major” Crisis, Its Focus Is “Entirely” on Customers

UK-based peer to peer (P2P) lender RateSetter recently revealed that fewer consumer borrowers are asking for more time to pay back their loans. RateSetter said that its loan performance is now consistent with what it had predicted or expected during April 2020 and it claims… Read More

UK’s P2P Lender RateSetter’s Chief Credit Officer, Michael Hoare, Explains how the Platform’s Provision Fund Aims to Buffer Against Credit Losses

UK-based RateSetter, a peer to peer (P2P) lender, notes that its Provision Fund has been designed to assist investors with managing credit risk and to simplify the investment process. As explained by Jonathan Hodge, the chief operating officer at RateSetter, the Provision Fund aims to… Read More

UK Fintech Lender Zopa to Reintroduce C Risk Band Loans into its Plus Product Offering

Fintech Zopa, the one platform to launch an entire sector of Fintech as it became the first peer to peer lending platform in the UK, recently reintroduced C risk loans back into its Plus product offering. Zopa, which still offers online lending in a more… Read More

P2P Lender Lendy, which Shut Down in 2019 and Went into Administration, Needs Investors to Clear More AML Checks Before Getting Refunds

Peer to peer (P2P) lender, Lendy, which shut down last year and went into administration, will be requiring previous investors to pass certain anti-money laundering (AML) checks again, before they qualify to get refunds. As confirmed on the firm’s website (which is not offering any… Read More

Send this to a friend